4 OMB No. 1545-0052 ~ Return of Private Foundation Form 990-P F or Section 4947(aXl) Nonexempt Charitable Tru st Treated a s a Private Foundatio n 2003 D epartment of the Treasury Note: The organization may be able to use a copy of this return to satisfy state In t ern a l R eve n ue Servic e For calendar year 2003, or tax year be innin 2003, and ending G Check all that a I Initial return Final return Amended return Addres s Use the A Employer Identification numbe r IRS label . THE RONALD S . LAUDER FOUNDATION 13-3 4 4591 0 B Telephone number (see i nstructi ons) Otherwise,print 767 FIFTH AVENUE #420 0 or type. NEW YORK, NY 10153-0185 212-319-6300 See Specific C If exemption application is pending, check here 11" ' Instructions . D 1 Foreign organizations, chec k here . 01 H H Chec k type o f organization : U Section 5 01 (c)(3 e xemp t private foun dation 2 Foreign organizations meeting the 85% test, check ❑ OSection 4947(a)(1) nonexempt charitable trust Other taxable private foun d ation here and attach computation . ~ ❑ Fair market value o all assets at end o year J Accounting method . Cash X Accrual E If private foundation status was terminated (from Part 11, column c, line 16) under section 507(b)(1)( A), chec k her e [] Other (specify) F If the foundation is in a 60-month termination 110. ► $ 26 528 342 . Pay :olumn d must be on cash basis. under section 507(b)(1)( B), check here rt Analysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursement s Expenses (The total of amounts i n exp enses per books income inco me for charitable columns b, c, and d may not neces- purp oses sanly equal the amounts in column a .) (cash basis only ) 1 Contr ibutions, gifts , grants , etc, rece ived (aft sch) 7,31 Ck "' n if the found is not req to alt Sch B 2 Distributions from split-interest trusts 3 In terest on savings and temporary cash invest ments 11,053 .1 11,053 .1 11,053 . 4 Dividends and interest from securities 5a Gross rents . b (Net rental (loss) 6 8 Net pa in / (loss) from sale of assets not on li ne 1Q b Gross sales pr ices for al l assets on line 6a 7 Cap ital ga in net income (from Part IV, line 2) 8 N et short -term ca pital gai n IU 9 Income modifications 10a Gross sales less returns and allowances . b Less : Cost o f goods sol d c Gross profit/(loss) (att sch) ce 11 Other income (attach sched ule) . See Statement 1 570,330 . 570,330 . 12 Total . Add lines 1 t hro ugh 1 1 9 ! 01 918 19,058 . 1 3 Compensat ion of offi cers , directors, trustees , etc bbl 14 Other employee salaries and w ages A 15 Pension pl ans, e mployee benefits D M 16a Legal es (a t Accou ling fee x nQ t 3 N b J4 0 c Other of P S E T 17 Inter i/) R R A A 18 Taxes rhh(sa cf~~. ~S~2~~~ t T T 19 Depr afo ttach schedule) an depletio ~ N V 20 Occ an . .- G E 21 Tray I, co r~m~irTgs A E 22 Pnnt 9' 0 N X 0 P 23 Other e xpenses (attach sched ule) E 1,305,270 . 1,312,782 . N E 24 Total operating and adm inistrative S expen ses. Add lines 13 through 23 8, 052, 703 . 5,399 . 570,330 . 6,868,630 . 25 Contributions, gifts, grants paid . P.dT.t . XV 3,184,930 . 3,184,930 . 26 Total expen ses and disbursements. Add lines 24 and 25 11,237,633 . 5,399 . 570 330 . 10,053,560 . 27 Subtract line 26 from line 12: a Excess of revenue over expen ses and disbursements -3 335,715 . b Net Investment I nc ome (if negative, enter -0-) 13,659 . C Adjusted net In come (if negat ive, enter -0-) 19,058 .1 BAA For Paperwork Reduction Act Notice, see the in structions. lEEA0503 L 08/1 8/03 Form 990-PF (2003 Form 990-PF (2003) THE RONALD S . LAUDER FOUNDATIO N 13-3445910 Page 2 ~ Attached schedu les and amounts in the description Beginning of year End of yea r Part it Balance Sheets column should be for end -of - year amounts only (See instructi ons ) (a) B ook Value Book Value (c) Fair Market Valu e 1 Cash - non -interes t•bean n g 2,437,263 . 2,724,124 . 2,724,124 . 2 Savings and temporary cash investment s 15 .390 . 14 .513 . 14,513 . 3 Accounts receivable 0 ----------- - Less : al lowance for doubtful accounts 01 ----------- 4 Pledges receivable 10 ----------- -- Less: allowance for doubtful accounts 1~ ---------- 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and othe r disqualified persons (attach schedule) (see instructions) . 7 Other notes and loans receivable (attach sch ) A -- - -- ~ 5 Less : allowance for doubtfu l accounts ---------- s 8 Inventories for sale or use . 127,952 . et 9 Prepaid expenses and deferred charges 127,219 .1 127,952 s 10a Investmen ts - U S and state government obligations (attach schedule ) b Investments - corporate stock (attach schedule) 962,466 .1 1,431,303 1,431 .303 . c Investments - corporate bonds (attach schedule) 11 Investments - land, buil d ings, an d equipment : basis . IN - Less: accumulated depreciation (attach schedule) . ----------- 12 Investments - mortgage loans . 13 Investments - other (attach schedule d 14 Land, buildings, and equipment : basis . 25 , 1 94 , 16 2 . Less : accumulated depreciation . (attach schedule) See Stmt 7 . ► 2, 985, 765 . 17,720,947 22,208,397 . 22,208,397 15 Other assets (describe', S ee Statement 8 177,866 22,053 . 22,053 . 16 Total assets (to be completed by all filers - see instructions Also, see page 1 , item 21,441,151 26,528,342 . 26,528,342 . L 17 Accounts payable and accrued expenses . 683, 97 9 749,245 . i a 18 Grants payabl e . b 19 Deferred revenue . 20 Loans from officers, directors, trustees, & other disqualified persons •• 5,730,000 . 9,230,000 . ~ 21 Mortgages and other notes payable (attach schedule) Stmt . 9 . 15, 950, 000 . 20,494,616 . t 22 Other liabilities (describe . 155,813 . e s 23 Total liabilities (add lines 17 through 22) 22,519,792 . 30, 473 , 861 . Organizations that follow SFAS 117 , check here X and complete lines 24 through 26 and lines 30 and 31 . N F 24 Unrestricted . -1,078,64 1 -3,945,519 . e u t n 25 Temporarily restricte d •• d 26 Permanently restricted . A B Organizations that do not follow SFAS 117, check here 5s a and complete lines 27 through 31 . e I t a 27 Capital stoc k, trust prin cip al, or current fund s s n 28 Paid-in or capital surplus, or land, building, and equipment fund c o e 29 R etailed earnings, accumulated income, endowment, or other funds r s 30 Total net a ssets or fund balances (see instructions) -1,078,641 . 45,519 . 31 Total liabilities and net assets/fund balances (see instructions 21,441,151 . 2 28,342 . Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II , column (a) , line 30 (must agree with end-of-year figure reported on p rior year's return) . -1,078,641 . 2 Enter amount from Part I , line 27a . -3,335,715 . 3 Other increases not included in line 2 (itemized See Statement 10 468,837 . ►--------------------------- 4 Add lines 1, 2, and 3 . -3,945,519 . 5 Decreases not included in line 2 (itemize) ----------------------------- 6 Total net assets or fund balances at end of year (l ine 4 minus line 5) - Part II, column (b), line 30 -3,945,519 . BAA TEEA0302L 081 15/03 Form 990-PF (2003) Form 990-PF (2003) THE RONALD S . LAUDER FOUNDATIO N 13-3445910 Page 3 Part IV Capital Gains and Losse s for Tax on Investment Income (a) List and describe the kind(s) of p roper ty sol d (e .g ., real estate, D) H ow acquired (C) Date acquired (0) Da te sol d rick warehouse ; or common stock, 200 shares M LC Company) P - Purchase ( m onth, d a y , year) (month, da y , ye ar) 2-story b D - Donation 1a N/A , b c d e (e) Gross sales price (f) Depreciation allowed I (g) Cos t or other basis (h) Gain or (loss) ~r allo wa ble) plus expense of sale (e) plus (f) minus (g) b c d e implete only for asse in in column (h) and owned b the foundation on 12/31/ 69 (I) Gains (Column (h ) (I) Fair Market Valu e Q) Adjusted basis (k) Ex cess of colu mn (i) gain minus co lumn (k), but not less as of 12/31/69 as of 12 /31/69 over column Q), if any th an -0-) or L osses (fro m column (h)) a b c d e 2 Cap ital gain net income or (net cap ital loss) If gain, also enter in Part I, line 7 Elf (loss), enter -0- in Part I, line 7 2 3 Net short-term c apital gain or (loss) as defined in sections 1222(5) and (6): If gam, also enter in Part I, line 8, column (c) (see instructions) .